Overlay Shares Foreign Equity ETF
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- Description
- Performance
- Comps
- Fundamentals
- Valuation
- Rating
OVF is actively managed to provide exposure to non-U.S. equities combined with a U.S. large cap put spread option strategy. |
Category | International Equities |
Fund Sponsor | Liquid Strategies LLC |
Website | www.overlayshares.com |
Inception date | Sep 30, 2019 |
Assets (mns) | $17 |
Currency | USD |
Expense ratio | 98 bp |
Distributions | Annually |
Regulation | Open-Ended Fund |
Custodian | |
Weighting | Proprietary |
Index replication | |
Uses derivatives | Yes |
Options available | No |
No. of constituents | 2 |
Wgt avg mkt cap (mns) | $88,766 |
Large cap (>$10bn) | 75.2% |
Mid cap ($2-10bn) | 17.0% |
Small cap (<$2bn) | 7.2% |
Developed mkts | 80.9% |
Emerging mkts | 18.7% |
ISHARES CORE MSCI EAFE ETF | 80.0 % |
ISHARES CORE MSCI EMERGING MARKETS | 20.0 % |
CASH & OTHER | 1.9 % |
SPXW US 04/30/24 P5050 | 0.5 % |
SPXW US 04/29/24 P5050 | 0.5 % |
SPXW US 04/26/24 P5050 | 0.4 % |
SPXW US 04/26/24 P5200 | -1.0 % |
SPXW US 04/30/24 P5200 | -1.2 % |
SPXW US 04/29/24 P5200 | -1.2 % | Total | 100.0 % |
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0.0 % |
HISTORICAL PERFORMANCE
Custom date range | Compare to | ||
thru |
Year-to-date | 1 year | 5 years | 10 years | Since Incep. |
3.4% | 12.1% | -- | -- | 2.8% |
versus... | Beta | R-squared |
S&P500 | 0.84 | 77% |
MSCI EAFE | 0.96 | 94% |
MSCI Emg. Mkts. | 0.80 | 69% |
Recent close | $23.61 |
30d moving avg. | $22.13 |
Annualized volatility | 16.9% |
Short interest (ETF) | 0.4% |
Relative strength (RSI) | 74 |
Avg. volume (thou.) | 7 |
Turnover | 1.0% |
Bid/Ask (% of price) | 0.34% |
ADV underlying (mns) | $61,777 |
FINDING ALTERNATIVE FUNDS
Below is a list of 1 potential alternatives to the Overlay Shares Foreign Equity ETF ETF based on the alternatives' overlap in portfolio holdings with OVF. Consider funds with lower expense ratios and/or higher ALTAR Score™ ratings as possible alternatives.
Benchmark ticker: | OVF | Expense: | 98 bp | ALTAR Score™: | 2.7% |
Ticker | Fund Name |
Overlap1 vs OVF (%) |
Expense ratio (bp) |
Savings vs OVF (bp) |
ALTAR Score™ (%) |
ALTAR vs OVF (%) |
EMCC | Global X MSCI Emerging Markets Covered Call ETF | 20.0 | 60 | 38 | 7.0 | +4.3 |
1Overlap is the percentage of holdings by weight that are identical. For example, if Fund A has a 2% position in Apple, Inc. (AAPL) and Fund B has a 5% position, their overlapping position in AAPL is 2%.
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RESULTS & ESTIMATES
2019 | 2020 | 2021 | 2022 | 2023 | 2024E | 2025E | |
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Sales per share | ** | ** | ** | ** | ** | ** | ** |
Earnings per share | ** | ** | ** | ** | ** | ** | ** |
Dividends per share | ** | ** | ** | ** | ** | ** | ** |
Book value per share | ** | ** | ** | ** | ** | ** | ** |
Sales per share growth | **% | **% | **% | **% | **% | **% | |
EPS growth | **% | **% | **% | **% | **% | **% |
Sales per share growth | **% | **% | **% | **% | **% | **% | |
EPS growth | **% | **% | **% | **% | **% | **% |
OTHER FUNDAMENTAL METRICS
Long term EPS growth est. | **% | Debt-to-equity | **x | |
Asset turnover | **% | Assets-to-equity | **x |
*Six months ago = 100 |
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VALUATION METRICS
2023 | 2024E | 2025E | |
---|---|---|---|
Price-to-sales | ** | ** | ** |
Price-to-earnings | ** | ** | ** |
Price-to-cash flow | ** | ** | ** |
Price-to-growth | ** | ** | ** |
Price-to-book value | ** | ** | ** |
Yield | ** | ** | ** |
Historical valuation trends
Forward multiple: |
Overlay Shares Foreign Equity ETF | |||
Relative to: |
S&P500 | MSCI EAFE | MSCI Emg. Mkts. | Other ETF: |
AVOID |
Not worthwhile for most investors. A rating of AVOID is assigned to ETFs with ALTAR Scores in the lowest quintile (the bottom 20%) of their category. Often, funds in this category consist of stocks with little if any history or expectation of profitability, and as a result our fundamentally-driven analysis may not be relevant. |
ALTAR Score™
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MODERN PORTFOLIO THEORY
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CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
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